Archiv für die Kategorie ‘German Banking & Finance Law’

New BaFin Information Sheets: An Overview of The Most Important Changes

Jun 30, 20 • Banking Regulations • No Comments • Dr. Annette Wagemann

Changes for managers and supervisory bodies of regulated institutions under German supervisory law On June 3, 2020, the German Federal Financial Supervisory Authority (BaFin) submitted drafts of the information sheets it had revised as well as various forms of the Ordinance on […]
Advance Payments in Germany During Corona Times – Secure Your Business

Jun 30, 20 • Banking Law • No Comments • Dr. Annette Wagemann

We are currently increasingly noticing that many companies in Germany are demanding advance payments for their goods and services. Entrepreneurs often go into high financial outlay (working time, materials, etc.). Therefore, they use the possibilities to reduce the financial risk by […]
Crypto Profits in Germany: What to Do in Case of Official Investigations And Criminal Proceedings?

Apr 17, 20 • Criminal Tax Law, Digital Currencies, Income Tax Law • No Comments • Stefan Winheller

Accusation of tax evasion In 2020, many people are still investing in cryptocurrencies. Some are realizing substantial profits through clever buying and selling. The high volatility of Bitcoins and Altcoins has not changed in recent months. Contrary to the widespread opinion […]
Banks Can Now Enter The Crypto Business in Germany

Apr 3, 20 • Banking Law, Digital Currencies • No Comments • Benjamin Kirschbaum

As a result of the implementation of the fifth money laundering directive, crypto values were included in the German Banking Act (KWG). This long-awaited regulation of cryptocurrencies now enables banks to store crypto values for their customers in addition to their […]
Introduction of Electronic Securities in Germany: This Is A Challenge For Issuers

Apr 3, 20 • Capital Markets and Securities Law • No Comments • Dr. Annette Wagemann

Digitization effects and innovative technologies such as the blockchain increasingly influence the financial market. The German Federal Ministry of Justice and Consumer Protection, together with the Federal Ministry of Finance, has responded with a key issues paper on the introduction of […]
Coronavirus: Short-term Financial Assistance for Companies in Germany

Mar 20, 20 • German Banking & Finance Law • No Comments • Dr. Annette Wagemann

Management must comply with obligations regarding organization and professional conduct In Germany, the coronavirus crisis is leading to supply shortages, employees not being able to work and revenue losses. It is not yet clear whether German legislators will rule on a […]
Crypto-Custody Business in Germany: BaFin Provides Licenses

Feb 14, 20 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Dr. Annette Wagemann

As WINHELLER reported lately, the fifth European Money Laundering Directive was implemented by the German parliament in November 2019. The directive came into force on January 1, 2020. As a result, Germany and the other member states of the European Union […]
Crypto Exchanges: German BaFin License And New Obligations

Dec 30, 19 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

On November 14, 2019, the German Bundestag passed a law to implement the fifth EU anti-money laundering directive. Among other things, it regulates cryptocurrencies and crypto custody transactions. Crypto exchanges now regulated by law The law also covers crypto exchanges which […]
Establishment of a Subsidiary for Financial Services in Germany

Sep 26, 19 • Banking Regulations • No Comments • Dr. Annette Wagemann

The establishment of a branch in Germany offers European companies an undreamt-of advantage. This advantage will be revealed below. Furthermore, the relevant supervisory law for the establishment of a subsidiary in Germany will be examined. Freedom of permission for the establishment […]
BaFin Publishes New Leaflet for ICOs and STOs

Sep 26, 19 • Banking Regulations, Blockchain, Digital Currencies • No Comments • Benjamin Kirschbaum

The Federal Financial Supervisory Authority (BaFin) has published a new, detailed information note on the current legal situation regarding the so-called Initial Coin Offerings (ICOs) and Security Token Offerings (STOs). The authority explains which licensing obligations may exist for an ICO, […]